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tv   Cavuto Coast to Coast  FOX Business  July 31, 2023 12:00pm-1:00pm EDT

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david: earlier we asked what is the deepest lake on earth. lauren, here are the opportunities for you to make some money. [laughter] make a million dollars. lauren: well, then the answer is number 3, lake baa call? is that how you say it? david: okay, even though you can't pronounce it, what's the real answer? >> you got it! you're a million dollars -- no, i'm sorry to say, tax man took it all. stuart is back tomorrow to straighten out this show for you. [laughter] thank you very much for joining us. we'll see you next time. "coast to coast" starts right now. neil: four hours to go before we wrap up another trading month, and what a remarkable month it has been. now, what comes after it in from
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the hoe that told you to be very careful about all that recession talk when we started the year, what to make of this nonstop bullish talk and where we might be by the end of the year. because there are two very big political developments we are monitoring as we speak, this very day, both just hours apart. and this could affect your money. i'm explain in a moment. i know the markets are certainly focused on friday jobs, but this is big stuff, my friends, that could determine who gets to keep an important job, perhaps the world's biggest job, and another guy who wants, well, back at that job. we thread the needle, you decide. ♪ ♪ neil: welcome, everybody, i'm neil cavuto. glad to have you as we wrap up another trading month. first, to stocks that are shaking off as they have been throughout the month a lot of worries and hitting a a lot of green. david nicklaus on all of that. david, great to have you back. when we look at this, this
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market has been noteworthy and the wall of wore -- worry has been climbing. now not as much worry as there was before. a plurality who are concerned, you know, we could head into some headwinds here, but does that worry you, that that consensus is building, all right, green light to go? [laughter] >> we've got 130 companies reporting this week, neil, but the market has lived up to the hype. you're right. starting this year the world was ending for the market, the earnings were going to collapse. so what we saw was we saw that inflation was coming down, which was positive, there might be an end to the federal reserve's rate hike cycle. the unknown mystery for the markets is where are earnings going to be. so stocks traded up with this hope, and guess what? we've seen earnings come in pretty strong. but if you look at the numbers, 80% of companies have beat on earnings per share, which is great, but only 64% of companies are beating on revenue. and this is an important number because if revenues are
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declining or growing at a slower pace, that's actually very telling because it tells us a lot about the u.s. consumer. we're going to know more about the u.s. consumer when apple reports this week. it's something we're watching closely. but i want to see revenues increase. i just don't want this multiple expansion to be the only thing driving stock prices. we want rove knews going up as well with. -- revenues going up as well. neil: revenue's sort of realtime. you've got to have the sales first, to your point. let me ask you a little bit about the state of the consumer, because i think that has been the wild wildcard that as has con founded certainly a lot of bears going into this year, throughout this year. still resilient, still i buying. how do you describe things? >> yeah. well, the consumers have the money to spend, right in we've talked a lot about the stimuluses that has been in consumers' bank accounts over the last two years, but they've started to spend that down. here's what does it for me, neil. when you have unemployment at 3.5% or lore, americans have jobs. they may be working more, but
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they may be spending more, but they've got income coming in. and there is still confidence still about the future. we haven't seen any slowing in consumer spending. but again, what we want to see is apple is going to be telling. when tim cook speaks not only do u.s. investors listen, the globe listens to what tim cook says. if we see slowing in apple, that's going to paint a picture, i think globally, that we're seeing slowing in demand can. the street's looking for 6% growth. as far as amazon's retail sales go, so so between amazon and apple this week, it's very telling to what this u.s. consumer's going to look like for the back half of the year. neil: quietly we haven't noticed that china's sinking into something. i wouldn't call it a recession, but a severe slowdown. that could have reverberations worldwide. what do you make of that? >> you know, that's a big part of this. we have the geopolitical risk with china, but there's the also the economic risk with china. and, again, it's hard to gauge, neil, i'm a big advocate of the free market. i know you are as well.
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but china has been subsidizing their economy. so i think the real question for investors is china going to continue to go down this path of subsidizing its market, because that is i skewing results out of china. but i think if we get dollar weakness, which is what we're seeing, if the situation is economically in china is not as bad as what i think it will be, that does actually provide some more tailwinds to stocks. if you have a weakening dollar, you have a stronger china as the economy comes back online. it's another reason why the bulls, i think, will be excited about the back half of the year. but i think it is important to see where china ends up. i'm a little bit more bearish when it comes to china's ooh outlook. i think they've got some really systemic issues in their market. but i think it may not be as bad for investors as what i even thought it initially would be coming out of china. neil: we'll watch closely. david nicholas following all of that. meantime, i kind of teased at the outset of the broadcast
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what's going on with both political camps, the biden and the trump camps, not directly affecting both men but potentially, certainly, for donald trump and now a business associate of hunter biden up on capitol hill. chad pergram following the developments. chad. >> reporter: neil, good afternoon. devon archer has now been meeting with house investigators since about 10:20 ian time this morning. they want to know more about his business conversations and phone calls with president biden and hunter biden. archer was willing to talk with house investigators but not with me. mr. archer, what do you intend to tell the committee today? do you have anything to say? did you have meetings with the bidens, and you elaborate on those? >> reporter: did anyone tell you not to appear today, sir? >> reporter: republicans say they have new questions about previously undisclosed bank records. they are from ukraine, russia and kazahkstan. republicans believe archer is a key witness and that roads lead
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back a toward the president. >> i think we'll start off focusing on burisma and the relationship of devon archer to the biden family. i'm, i believe he can tell us things that we haven't heard before. >> reporter: democrats are not convinced. dan goldman of new york is the lone democrat present for the transcribed interview today. >> and i think we'll get a better sense of the background of hunter's business dealings. and, of course, you know, the big question is whether there's any connection to president biden. >> reporter: archer is not under oath, but it is a crime to lie to congress. archer ducked the committee on three different occasions before appearing today. the committee will release a transcript of the interview later this week. one gop source said today it would be, quote, damning for the
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bidens. and also today carlos deolivera appeared in federal court, he's accused of deleting security videos at mar-a-lago. neil? neil: you know chad, you know, you've chased down the best of the best all the time. in the case though of devon archer, he gave you this kind of frightening halloween smile the entire time you were just trying to get a straight answer out of him. did that -- >> reporter: yeah, he was all smiles, yeah. well, you know, something interesting happened over the weekend, neil, and republicans believe the fix is in here. this is an effort by the doj to try to intimidate him. you know, he was convicted on federal charges in 2022 for bilking native american tribes, and so he's supposed to go to jail. and there was a letter that was written from the prosecutor from the southern district of new york to the judge who oversaw the case saying can you set up a date as to when he's to report
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to court. i talked to republican sources over the weekend who, as i say, thought that was an intimidation tactic to try to keep him from appearing today. and and he came about, you know, 17, 18 minutes late there, you know, it got to be a little bit after ten, and we were starting to wonder standing outside the o'neil building if maybe he wasn't going to show again. neil: all right, smile and all, so many questions. thank you for that, chad. you put up with a lot, again, monitoring devon archer's moves today. we have a a former federal prosecutor, we have these cases concurrently going on. if i can begin with this business associate. where do you think that whole thing's going? >> i think that congress is very interested in exactly what connection devon archer or can play with regard to joe biden knowing about what hunter biden was doing with regard to these foreign companies. if joe biden knew that this was going on and he was part of a scheme essentially to influence american politics, even if that money didn't personally arrive in joe biden's bank accounts,
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but perhaps if family members', he has a real problem under the bribery statute. and something that i think congress is going to sink its teeth in as it's already started. neil: you know, i know there are investigations, they're even talking a special counsel to get into this, but it comes down to in the hunter biden case, democrats say is, not surprising, are there isn't, that there's no proof that the father was remotely involved. that there might be, you know, conversations where you get the impression that the father was there when, you know, hunter would be making references to the big guy. but it's possible he was talking to an imaginary friend. now, if an investigation ensues and finds out that the president of the or the former vice president was in on this and knew about it, then all bets are off. >> i think the party line right now is there's no evidence that joe biden was involved in these foreign deals. and i don't take that -- neil: so that reference point where the son said the big guy and, you know, he could be just inflating himself, right? >> i guess that's what they're
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saying. i don't think that's a very credible argument. there seems to be a lot of writing on the wall that joe biden was very close in contact with what was going on. whether he exactly knew what was happening or whether he was endorsing it or not, we need more information. that's why we're continuing to ask these big questions. i mean, this is exactly what the constitution talks about when it contemplates things like impeachment. bribery is one of the very few enumerated items. so to really look into whether these comments about the big guy being there, hunter biden flying on air force two to china, whether the prosecution with the prosecutor in ukraine being fired for the benefit, essentially, of burisma all comes back in connection to joe biden and then connects back to hunter's business dealings and the immense amount of money that he was making on this, i think these are all very real questions that look very suspicious and at least as suspicious as many any of the investigations that have been launched in recent years at the early stages with regard to
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donald trump. so i think the doj really needs to do its part in fully investigating things that have some degree of evidence that suggest criminal behavior. neil: what about getting a special counsel, get that ball rolling? chris christie was saying that's the only way to deal with it for now. >> it seems like a no-brainer. now it's beyond obvious. the problem at this point is going to be if a special counsel is appointed within the next week or two, which i think is a real possibility, i think congress is going to start to run into problems where that special counsel seems to be interfering with congress' potential ability to start impeachment proceedings. and we'll see them butt heads and go at it just like we saw four or five years ago when congress was trying to impeach trump while mueller had an ongoing investigation. so a lot to be seen here. but i think a special counsel's absolutely called for. neil: let me flip sides to donald trump. there's so many concurrently, including talk we're getting out of fultonth county, atlanta, that we're ready to go.
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i think that's how one prosecutor put it with presumably another wave of indictments on the former president's handling of the recount going on in that state in 2020. separately the january 6th revelations and now the documents that the former president might have had a role in demanding that security cam footage be delete. where do you think all of that is going? >> my biggest interest in the donald trump case what the supreme court has to say about it. neil: that's unavoidable. >> it's unavoidable. jurisdiction is the first question lawyers should be asking in a criminal case. surprisingly, t it's often overlooked, and it's something that i deal with on appeals. i really think we need answers on jurisdiction -- neil: in each and all cases? in this one that's been punted to may in. >> each and all case can, because anything that started with donald trump in office creates a real legitimate question about whether he can be prosecuted for acts connected to to his time in office. and regarding his official acts. now, there's -- neil: what if these official
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acts are potentially criminal? >> i think that's a great question. where does the president deviate from the his official conduct. that's a line that has been drawn with regard to some degrees of immunity that are given to government officials. neil: i'm sorry for jumping in, commercial break coming on us, it would at the very least extend or delay any trials if we get to that, right? potentially? >> in criminal cases, appeals don't usually happen until after a conviction, but in this case this might be one of those outliiers where there is so much interest that the courts want to weigh in before it goes to trial. neil: i ask the very smart people like you, andrew, this issue of a president whether he can pardon himself. can he pardon himself? >> it's never been tested before. there's so many of these little nuances that need to make their way to the supreme court. i think if we see a conviction or a prosecution and then donald trump finds his way to office, i don't think there's a very good chance that that prosecution
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continues. remember, the president is in charge of the doj. the can doj -- neil: but if he was found guilty in one trial and maybe got true before the election and he still wins the election, there'll be hell to pay, right? he can't do this, and it would be adjudicated back and forth for potentially months, years. >> i've looked at the timeline. i think there is a chance that it gets to trial before the election, not a high chance. but even in the extremely unlikely chance of a conviction, i always think that he's going, that donald trump would have at least one juror on his side ready to hang the jury, sure, right? that's all it takes, is one juror to say not guilty, and the jury's hung. even if he's convicted, would he find his way to jail before he takes office? i don't think so. neil: amazing. amazing. so many unprecedented legal questions. >> that's right. neil: andrew, great seeing you. thank you very much. we're showing you the dow kind of holding its own, this is the final day the of trading.
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the one thing that we've been watching here on fox business is what's been happening with gas and oil prices. gas prices now hit a high for the year, apparently there's a lot of demand building. a lot of people sick of flying and say, you know what? i'm going to drive to london. until they discover that's impossible. but we'll explore and explain after this. ♪ ain't no telling where the wind might blow -- ♪ free and easy, down the road i go. ♪ living life like a sunday stroll. ♪ free and easy, down the road i go ♪ what do we always say, son? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. ♪ stay off the freeways! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ this is spring semester at over 13,000 us school districts,
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♪ ♪ neil: all right, trucking giant yellow is singing the blues right now, shutting down operations. 30,000 jobs are lost. nevertheless, shares up better than 95%. again, the caveat, in and out of a buck a share, indicating that it's easing up, very similar teamsters say to the same kind of issues coming up at ups. they settled those, or so it looks, but not settling them here. we'll keep you on top of those developments here. not really affecting the dow transports in i any negative way, but we'll keep an eye on it for you. to grady trimble right now on another big development that has gas and oil prices rocketing a
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along, some cynics say it could be simply supply and demand that's beefing that up. but many are pointing to some new environmental standards that are pushing those prices up all the more. grady. >> reporter: yeah, gas prices at the pump, neil, are up about 15 cents from just a week ago, and the biden administration is putting forward a new policy proposal it says will collectively save americans billions of dollars on gas over time. the department of transportation is introducing new fuel efficiency standards that could require cars to get 58 miles per gallon by 2032. what this does, it aligns the d.o.t. with the epa which by the same year wants two-thirds of all new vehicles sold to be electric. the alliance for automotive innovation represents the automakers. it has some concerns. it says it's reviewing the new fuel efficiency standards, but it's previously said that that epa proposal could drive up the
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cost of vehicles, reduce options for people buying cars and make us more dependent on china. republicans share those worries. >> right now when you say about ev-powered cars, they're really powered by coal and natural gas. wind and solar energy have been a miserable failure. we set laws it's supposed to be made in america, but guess what? his other policies keep us from making it america and enrich china. >> reporter: environmental groups like the sierra club are praising the biden add administration saying this proposed standard is achievable and will help automakers deliver what consumers are asking for. other climate activists say the new proposal doesn't go far enough. they say the biden administration needs to do more to fight climate change. neil? neil: thank you, grady. let's get the read on this from patrick den hand, gasbuddy.com.
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patrick, whatever the reasons, it's unmistakeable gas prices are rocketing along, up 15 cents a gallon. well below where they were a year ago, but what's trend, do you think? >> well, neil, i think saudi arabia i putting more upward pressure on oil prices here in the months ahead. we've seen some heat-related refinery issues especially in texas and louisiana at some of the nation's largest facilities which are boosting the price of gasoline temporarily. we're also on the cusp of reaching hurricane season, that starts really in mid to late august, so there is some risk that we could see that $4 a gallon national average emerge at a time when gas prices are at their highest prices since november. california on the cusp of rehitting the $5 a gallon mark, so it could get a little ugh uglier before we see relief this fall when we make the transition back to cheaper winter gasoline. moo. neil: we've also seen a doubling in electric vehicle sales over
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the last -- or through this year, i should say. still very low, about 8% of all auto sales to begin with, and i always wonder with fewer buying gas-powered vehicles -- still the overwhelming share is, i get that that -- what is the impact of that on gas prices if that momentum continues? because, obviously, ford is losing money on this strategy but making money overall. what do you think? >> well, neil, i think to your point as ev adoption increases, refinelies are going to have less incentive to retain the current amount of refining capacity in the united states. we're already seeing gasoline demand that's probably 10-15% below prepandemic levels even though we are seeing a healthy economy. americans are only consuming about 9 million barrels a day whereas in 2019 it was closer to 10 million barrels. no scan t all of that is related to e v. over the years ahead, neil, as
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we involve and more americans get evs, there's going to be less need for refining capacity. and it doesn't necessarily mean lower gas prices because refineries may throttle back some of their capacity. keep in mind a refinery in houston is considering or still on track to shut its refinery down in houston by 2025. that's going to be a trend that we see ramp up here. neil: that's worrisome because you're not increasing supply, you're actually cutting back on the supply. so there's no win-win for the consumer. >> that's right. neil: amazing stuff. patrick, as are you, my friend. thank you very much or -- on that. ron desantis, as you're seeing from the polls, he's in a world of hurt. he's trying to pivot back to issues his people say are the economy, and he's doing just that in new hampshire. after this. ♪ you gotta fight for your right to party ♪
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♪ ♪ >> i'm running for president because with we need to reverse the declean of this country and -- decline of this country and restore it to the greatness it deserves. and that begins by restoring an america economy that actually works for american families again. neil: all right. ron desantis, we're told, sort of pivoting on his campaign and repositioning as he had laid off a couple of weekses ago about a third of his staff, you might recall. he's been sink ising in the polls nationally, trails donald trump by the largest amount he ever has. he's even losing by double digits in his home state of florida. christian whiton following it closely, also a desantis surrogate kind enough to join us. you're still sticking by
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governor desantis. you're not at all deterred by some of these polls. >> not at all, no. i think it's very early. normal people aren't paying attention to this. we're still 15 months from the presidential election. still several -- still, you know, it's going to be the middle of winter when we start in iowa. and if you look are, he's still in second in every poll, sort of the clear alternative to donald trump. and if you look at what trump is talking about, the democrats, the biden administration have done a huge favor by indicting him. that, i think, creates a wellspring of support that will be short-lived. donald trump is very focused on the 2020 election and january 6th, so backwards looking if you want to sort of relive the two worst days we've that had as republicans versus desantis and the other candidates who can serve two terms, who can be a new generation of leadership. what desantis did today was fairly remarkable. a lot of detail, to make work for the middle class, not for
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blackrock. the usual conventional wisdom is don't get too detailed, but desantis sort of sticking his neck out here with a lot of specific policy. neil: you're a pretty good political expert, i am not. but one of the things i have noticed is he seems to have been wasted a lot of time on issues that he really wasn't jazzed about. some call it woke issues and going after what kids are reading in school, but he did and does have a pretty impressive track record to run on in florida. i thought he kind of buried his political lead there. now he's trying to make up for lost time, but are you concerned it's too little, too late and if donald trump doesn't show up for this big fox debate, he is going to be a target and maybe a piñata? >> i think, first of all, huge mistake for trump not to show up, but if he doesn't show up, he doesn't show up. people are will tune in the by the millions and see desantis. i think he's the most appealing candidate, is and they'll see donald trump just sort of
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sulking and taking their vote for granted. as far as sort of the economic florida story and all of the people, the blue state refugees moving to florida versus things like esg, you know, i think taking on disney, taking on prosecutors who didn't want to actually enforce the law, taking on school boards that want to sexualize kids is important. of it's not just the culture wars, it's economic too. if firms like blackrock are forcing this esg woke agenda on to companies who then have to focus on that as opposed to making money for investors, for people who have their iras and 401(k)s, that's an economic story -- neil: he's got to get better at telling that without looking like he's going down that exclusive rabbit hole, you know? >> well, i don't -- yeah, again, so today you're seeing a plan to get back to 3% plus growth. it's the traditional republican stuff of tax cutses and the biggest sort of deregulation
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effort in history but also taming the fed. you know, joe biden has put a 20% wealth tax on every american. think about that. everyone's ira, everyone's 401(k), everything you have in the savings account, 20% of that has evaporated because of inflation. it's the largest tax increase in recent history. so getting the fed under control and delinking us even though he didn't use that word specifically from china to bring back manufacturing, things like letting companies expense if you make capital expenditures to build a factory in the united states, you can expense that quickly so that's a tax advantage. and there are a number of other steps like that that go into the plan. neil: all right. the biden administration will come back at you, as you know, and say, well, a lot of that decline has been made up, and they argue inflation's come down. we shall see. it's way too early, to your point. always good seeing you, christian. thank you very much. >> thank you, neil. neil: all right. in the meantime, this is why i'm happy i don't have a studio audience. did you see this thing with
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cardi b.? got pretty nasty, a fan threw a drink at her, she threw the mic and a lot of nasty words were spoken. and i thought to myself, no, no studio audience. ♪ ♪ your brain is an amazing thing. but as you get older, it naturally begins to change,
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♪ neil: what is it with all these stars on stage attacked? the latest, cardi b., a drink, an ruly fan threw a -- unruly fan through a drink at her, she in turn threw a mic at the unruly fan. lauren simonetti on a trend that is not entertainer's -- the entertainers' friend. lauren: yeah. please pour water on me because
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it's 105 degrees in vegas when cardi b. was performing. she asked her fans to douse her with water. this is important, this was in between her performances to cool her off. but then as you just saw, she chucks her mic while performing when a fan sprayed her with what seemed to be booze but undetermined. and then carr i think b. instantaneously reacted and checked her mic at that fan. but the mic also hit another concert-goer who felt they -- said they felt bruised and sore and went to the police station the the next day according to tmz. we hear the fan apolo used who threw the drink and was escorted out by security. but, yeah, neil, this is a trend, throwing things at concerts. bebe rexha was pelted in new york city last month. her eyebrow was split, she needed stitches. that phone thrower was charged with two counts of third-degree assault, among other charges. and harry stiles just this montn
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the eye with an unidentified object. all appearing because this is so wild, it bleeps because of all the cussing. so what happens with all of this, neil? you might see performers choose to stay further away from the crowd and the fans while they're performing so they're protected. can and then the concert venues might ask the fans to surrender their belongings when they enter, but that wouldn't help with throwing beverages, right? or in cardi b.'s case, she was actually the one throwing items. he threw her mic right at the fan. neil: well, these people get hot under the collar. it's a good thing i don't have a studio audience. >> it's not the same thing. is that why i'm not in studio with you today? i'm separate? neil: that is exactly why. i wanted to protect you. because that's just the way i roll, lauren. [laughter] thank you very much. great jobs as always. lauren simonetti on that. want to who go to chris jordan
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can, she goes and meets with the people, farce i can tell -- as far as i can tell, no one has thrown anything at her. sales are softening on the high end? what's going on? >> definitely seeing a slight decline. part of it could be seasonality. this some markets there is a general slowdown, but ultimately it's affordability. because when you look at rates where they are right now, if anybody's going to borrow, it starts to become ridiculous to make that luxury purchase. for every, if you look at a $2.5 million mortgage which if you were buying a home a little over $3 million, for system that's how much they would leverage, the difference in yearly cost of their mortgages is at least $75,000. since the bottom. and since last year this time it's $40,000 almost. a year. neil: so the higher rates could have an effect. a lot of them might be sitting on their homes right now, those who are trying to sell -- or looking to sell, they might just hold off thinking, you know,
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i'll wait until my ship comes back in, this is not the time. how do you explain this 20 some odd percent drop in exclusive listings or the high-end list, whatever you call them? >> they definitely, definitely need to decide if they want to move or not because, ultimately, there's no place for them to go when you start to say, hey, if i'm going to buy, if i'm going to take out, again, that $2.5 million loan, ooh i'm going to have to find another $7,000 a month to sport it from someplace. and at that point maybe they can afford it, but they just say this is ridiculous, why would i make this kind of a move. neil: i didn't mean to jump on you there, kristin, but that crowd they could afford -- not all, but afford to pay cash. but rates were so low for a while, 0%, that it was a good decision to say, all right, i'll finance this, near zero rates and be fine. now what's their thinking when it comes to cash purchases, that kind of thing? >> we're definitely still seeing over 35% of purchases are cash.
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but the question, are you -- neil: at the high end. >> well, at the high end it's probably even more, ultimately. neil: so the 35% was across the country in. >> that was across the country. that's what we were seeing. so now, of course they're going to say why would i buy at least -- maybe i'll get a little bit of a tax benefit because if you buy a home in cash and is you do do a refinance right afterwards, there are tax benefits to being able to take the equity and put it into the markets. neil: all right. spell it out, where do you see things going? we're told the fed is just about done, if it isn't already, with these rate hikes. what do you think? >> things have to be right for them to not hike more. they need to be able to make sure the economic indicators support keeping rates stable and bringing them down at some point in the future, i i mean, the biggest issue is if prices in real estate, for example,s continue to stay stable or come down a little bit but maybe go back up, it's going to be hard to justify keeping rates stable
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and bringing them down. neil: these are being skewed by the fact that all you need is a couple of big homes that don't go on the market that it skews the numbers because they're such big numbers, right in. >> that's very, very true, but also it makes sense to say, hey, at some point we're going to have to wait this out for a minute and wait if we're going to put our home on the market. i think the people we're going see are going to be the empty nesters who have already paid off their mortgages, and we're probably going to see those who need to move for work reasons where they have to are locate and they've decided they need to list their home. neil: we are outta here. kristin jordan, good seeing you again. all right, let's go to taylor riggs right now, what they have planned for the "big money show." taylor: hey, neil. if better than expected earnings can continue to fuel this equity rally. plus, kevin o'leary on all of these union strikes and wage price inflation. all of that coming up at one.
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♪ ♪ >> it's time for america to have an economic revival, and it's time for america to have a spiritual revival. we have to see this opportunity that we're at right now as a nation and the position that we're in, and we are so broken as a nation, more divided than we've been in any place in my lifetime. and i'm speaking to you tonight and to all of america that's listening that it's time for us to break some barriers, for us to heal our wounds and to go to another level. neil: all right, you might not know the name, but judging from early momentum, you might very soon know the name. ryan bingely, the latest to run for the republican presidential nomination. he's a very successful businessman, runs a company called generational group, helps finance efforts, what have you, across the spectrum. also a pastor. he's the great church founder and lead pastor. mr. binkl are ey, good to have you. >> neil, thank you very for
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having me. neil: you made that lincoln day dinner and that, you know, was quite a coup for you. you have yet to make the debate stage. you're the most unknown of the candidates so far. that doesn't necessarily mean you can't do it, but time's wasting to do it. what do you think? is. >> well, we are getting ready for just that. in fact, our plans are the next three weeks no make that debate stage. it's going to take a lot of miracles, but as we share the message a we're i sharing, it's resonating with people that it's time for america to get back on track economically and heal our wounds culturally. we've never been so far out of whack in both of these areas, particularly economically. that's my background, i'm an economist, and the division we're in is resonating as well and people are listening. i'm excited to see the momentum build and get there on that debate stage here in a few weeks. neil: you know, you're going right for the brass ring here
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with no political experience. that worked for donald trump in 2016, so there is precedent. but you've got a couple of other business guys in the race, to put it mildly, or doug burgum, vivek ramaswamy. are you emerging too a late in this trend? >> this actually came to me about eight years ago, this vision came to me, and now's the right i'm for it. now's the right time for america. and the reason is, is our message is different as well. i'm the only republican really talking about what it's going to take for us to get back on track financially because i'm putting together a 7-year plan to balance the budget. what we're seeing is our country has two options, continued explosive type of inflation the, or we move towards a balanced budget because what we've within doing economically, putting awe all the pressure that we are right now on regional banks, we have not seen the failures of the banks stop that i think we're going to in the future if we don't put together a plan. and the next generation's at stake. our message financially is the right one. and then we've got to come
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together. we've got huge problems at our border, education in urban america. so we're taking the a republican alternative right into urban america as well as new plans with health care. we're delivering the message, and i believe it's going to be heard right at the right time. neil: you certainly have a good and decent message, but you're up against a donald trump who apparently has a lock on the born-again or the religious vote. not across the board, sir, but enough to make me wonder what your strategy would be if that crowd, the religious crowd -- i don't want to patronize it -- has just gone to another candidate, namely donald trump. now, you had said that you wanted to be a uniter. you said i know god wants a uniter, i know that to be true. but a lot of people say, well, trump is that uniter. what do you say? >> well, actually, you know, i disagree. his policies are pretty good in some areas. you know, we saw an economic boost, but that was just in the stock market. that doesn't really help solve our debt crisis, which is the biggest crisis we're facing as
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you know economically. pretty soon we're going to be $50 trillion in debt. but to solve this crisis that we're about to face for the next generation, we're binning to have to transcend our party, connect with some independents and moderate are republicans to balance our budget. that's never going to happen with a platform and the message that he has today. i like a lot of the things that he did, but if we don't unite together, we're not going to be able to do that -- neil: i'm sorry, he's too, do you think he's too divisive? that had come up. mitt romney took a look at the cast of people that want to be president, maybe yourself included, said everyone has to unite around someone who has a realistic chance at taking donald trump out. how do you feel about that? >> well, you know, when it comes to unity, first of all, this race is early on. we're just now getting started. i think the lincoln dinner was the beginning of it. so it's time for us to get this message out there. so as we're beginning to share, i believe eventually we're going to unite, but it's just getting started, and i'm excited about sharing with america about what we have to do to do that.
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we have big problems. health care inflation's 40% higher than regular inflation for the last 40 years. we actually have a true health care alternative to socialized medicine that we're bringing to the forefront. we're going to bring together real solutions, and then we're going to speak to america as people. we're binning to dive right in because the republican party we've got clelg students, urban america, and it's tame for us to connect with them from a real heart level. what does it mean to have a republican message that's relevant to everyone's life. neil: as a man of god and a pastor at that, you've done a lot of good. i just wonderedded what you thought of some of the other candidates who have prepromised that if they became president, they would pardon donald trump? but they don't want to put the nation through anything bad. again, as a pastor, do you think, if you became president, you should pardon trump? >> well, you know, we're seeing some of the allegations that are in these indictments just now roll out. i don't pay attention as close
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because they're developing every day. i think there's likely some more to come. right now none of the indictments right now really merit time in the jail, and i would think that would likely be the case. as they appear to be very political. but at this point, you know, i think we should wait and see how they play out, but i would think that would be likely. you know, the durham report kind of verified the timing -- neil: so you'd be open to a pardon, bottom line. okay. >> i think that would be likely if that's the case. neil: all right. ryan bingely, good seeing you. >> neil, thank you very much. god bless. neil: stay with us. you got this. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. ...
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about an aarp medicare supplement plan. neil: all right the economy is so awful why are people packing theaters to see become the latest barbie flick, 93 million over the latest weekend, oppenheimer made another 46 million and i believe the two movies combined after this weekend are over $1 billion worldwide in ticket sales. they couldn't be anymore different but this idea of people feeling compelled to see one and then see the other is apparently paying off. people are buying a lot of popcorn and goodies at the same time if you are going to oppenheimer though don't start with a large soda. just saying. all right want to go right now to taylor riggs, "the big money show" now. taylor: neil are you seeing what amc theatre your favorite meme stock is saying one of the best weeks ever because of what you were just discussing. neil: there yo

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